See original
Edgard Alanpoe
--
$USUAL
The asset finally entered the correction zone after 17 consecutive days of highs, it would be strange if it didn't correct, wouldn't it? after all, it is a common asset like any other. Notice that after a long climb it finally came to fetch the 7-weighted moving average causing the price to touch the line, which is the average of a certain amount of data crossed over a chosen period of time, and this shows us how much the asset performed well during the last 8 days without making any correction, remember that the average is used as a market memory reference, through this observation we check whether an asset is close to or far from a memory price, such as the token it had not undergone any correction on the daily chart (which I consider the most important chart time as it shows the real prices and volumes traded in a given period) and it is normal that the token has not yet created this price memory, thus having its first correction on the daily chart.
When more recent data comes in, the oldest comes out, affecting the price twice due to the weight being the same between the data, there may be a discrepancy when a very high value comes out and a low value comes in, or vice versa, not matching the the current reality of the asset, which is not the case with the usual token. Entry/Exit.
The asset finally entered the correction zone after 17 consecutive days of highs, it would be strange if it didn't correct, wouldn't it? after all, it is a common asset like any other. Notice that after a long climb it finally came to fetch the 7-weighted moving average causing the price to touch the line, which is the average of a certain amount of data crossed over a chosen period of time, and this shows us how much the asset performed well during the last 8 days without making any correction, remember that the average is used as a market memory reference, through this observation we check whether an asset is close to or far from a memory price, such as the token it had not undergone any correction on the daily chart (which I consider the most important chart time as it shows the real prices and volumes traded in a given period) and it is normal that the token has not yet created this price memory, thus having its first correction on the daily chart.
When more recent data comes in, the oldest comes out, affecting the price twice due to the weight being the same between the data, there may be a discrepancy when a very high value comes out and a low value comes in, or vice versa, not matching the the current reality of the asset, which is not the case with the usual token. Entry/Exit.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
148
0
Replies 0